The Spirulina Beverages Market Size is valued at 20.0 Million in 2022 and is predicted to reach 44.8 Million by the year 2031 at a 9.5 % CAGR during the forecast period for 2023-2031.
Spirulina is a high-value nutritional product whose market potential is growing in both developed and developing countries. Owing to its high protein, vitamin, mineral, and micro-nutrient content, Spirulina is an ideal food supplement for the malnourished as well as the health-conscious who wish to boost their immune systems. Therefore, markets for this product are to be produced in the Eastern and Southern African and the Indian Ocean (ESA-IO) region as well as in developed countries in Europe, North American, and Asia. Spirulina has reached a developed stage in the beverages market. In recent years it has witnessed significant growth owing to the growing number of health-conscious consumers, rising disposable income and changing lifestyle. Moreover, growing demand for food supplements and the rising focus on healthy diets to boost the Immune System is further expected to create substantial growth opportunities during the forecast period.
Market Segmentation
The Global Spirulina Beverages market is categorized on the basis of product, Distribution Channel, and region. On the basis of Product Type, the market is segmented into Solid Beverage and Liquid Beverage. On the basis of Distribution Channel Mode Type, the market is segmented into Hypermarket and Supermarket, Online Retail, and Others. Based on region, the market is studied across North America, Asia-Pacific, Europe, and LAMEA. On the other hand, Asia-Pacific is expected to dominate the market during the analysis of the forecast period.
Competitive Landscape
Some of The Key Players in The Spirulina Beverages Market:
- Algama Foods
- Prolgae Spirulina Supplies
- Smart Chimp
- Tavelmout Corporation
- Sol-ti (JuiceDelivery, LLC)
- EuyouAngel
- Minimalist Baker Recipes
- Unicorn Superfoods
- Athletic Greens
- Nested Naturals Inc.
- Earthrise spirulina
- SCOTBIO
- Cyanotech Corporation
- now health group Inc.
- Naturya
- Other Prominent Players
The Spirulina Beverages Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2022 |
USD 20.0 Million |
|
Revenue Forecast In 2031 |
USD 44.8 Million |
|
Growth Rate CAGR |
CAGR of 4.5 % from 2023 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
|
Forecast Year |
2023-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Product Type, By Distribution Channel |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
Algama Foods, Prologue Spirulina Supplies, Smart Chimp, Tavelmout Corporation, Sol-ti (JuiceDelivery, LLC), EuyouAngel, Minimalist Baker Recipes, Unicorn Superfoods, Athletic Greens, Nested Naturals Inc., Earthrise Spirulina, SCOTBIO, Cyanotech Corporation, now health group Inc., Naturya, and others |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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